Unaudited Interim Financial Report and Cash Dividend Declaration for the 6 months ended 31 March 2016

Additional information

Six months ended 31 March
R million (unless otherwise stated)
2019 (Unaudited) 2018 (Unaudited) Year ended 30 September 2018 (Audited)
Current ratio (:1) 2,0 2,0 2,3
Quick ratio (:1) 1,5 1,5 1,7
Dividend Yield (%)* 7,0 6,4 6,5
Return on capital employed (%) 16,3 15,5 19,5
Net number of ordinary shares in issue (million) 161 161 161
Number of ordinary shares in issue (million) 185 185 185
Less: Empowerment shares (million) (19) (19) (19)
Less: Treasury shares (million) (5) (5) (5)
Capital expenditure 59 54 162
– expansion 36 32 106
– replacement 23 22 56
Capital commitments in respect of property, plant and equipment 75 64 83
– contracted 42 43 35
– authorised not yet contracted 33 21 48
Commitments in respect of operating leases 214 231 252
Contingent liabilities**
* Calculated as the total dividend (interim 130 cents per share and prior year final 368 cents per share) (2018: 125 cents and 354 cents per share) (September 2018: 125 cents and 368 cents per share) divided by a Reunert share price of 7 100 cents (2018: 7 448 cents) (September 2018: 7 600 cents), being the closing market price on 29 March 2019.
** The directors are confident that Reunert Limited and its subsidiaries have no exposure arising from the guarantees and sureties in issue, beyond the liabilities recognised in the condensed consolidated statement of financial position at 31 March 2019.
Definitions of ratios and other financial terms are the same as those incorporated in the 2018 Integrated Report.